PHOENIX MILL Announces Quarterly Results (4QFY19); Net Profit Up 163.3%

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PHOENIX MILL Announces Quarterly Results (4QFY19); Net Profit Up 163.3%
Fri, 17 May

PHOENIX MILL has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

PHOENIX MILL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,3664,4047,23264.2%65.6%
Other incomeRs m14517032993.8%126.9%
TurnoverRs m4,5114,5747,56165.3%67.6%
ExpensesRs m2,2052,1803,46158.8%57.0%
Gross profitRs m2,2482,2254,25291.1%89.2%
DepreciationRs m513523514-1.7%0.2%
InterestRs m836917826-9.9%-1.2%
Profit before taxRs m1,0449553,242239.5%210.5%
TaxRs m7175510191.5%7465.9%
Profit after taxRs m1,0377802,732250.3%163.3%
Gross profit margin%51.550.558.8
Effective tax rate%0.618.315.7
Net profit margin%23.017.136.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 65.6% on a year-on-year (YoY) basis. The expenses were up by 57.0% YoY during the same period.
  • The company's operating profit increased by 89.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 58.8% in 4QFY19 as against 51.5% in 4QFY18.
  • Depreciation charges increased by 0.2% and finance costs declined by 1.2% YoY, respectively.
  • Other income increased by 126.9% YoY during the quarter.
  • Net profit for the quarter increased by 163.3% YoY. Net profit margins during the quarter increased from 23.0% in 4QFY18 to 36.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 64.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 58.8% QoQ during the same period.
  • The company's operating profit increased by 91.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 58.8% in 4QFY19 as against 50.5% in 3QFY18.
  • Net profit for the quarter increased by 250.3% QoQ, while net profit margins increased from 17.1% in 3QFY18 to 36.1% in 4QFY19.

To see how PHOENIX MILL has performed over the last eight quarters, please visit here.

PHOENIX MILL Share Price Performance

Over the last one year, PHOENIX MILL share price has moved up from Rs 683.5 to Rs 613.2, registering a Loss of Rs 70.3 or around 10.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,966.4 (up 0.6%). Over the last one year it has moved down from 2,334.7 to 1,966.4, a gain of 368 points (down 15.8%).

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 613.2, the price to earnings (P/E) ratio of PHOENIX MILL stands at 18.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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